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Earnings Per Share (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Numerator:        
Net income (loss) attributable to ZAIS Financial Corp. common stockholders $ 23,173,931 $ (6,780,401) $ 25,398,136 $ (5,121,179)
Effect of dilutive securities:        
Net income allocated to non-controlling interests 2,698,204 (788,476) 2,956,858 (489,382)
Exchangeable Senior Notes        
Interest expense 808,629    1,613,628   
Gain on derivative instruments (269,635)    (207,462)   
Total - Exchangeable Senior Notes 538,994    1,406,166   
Dilutive net income available to stockholders $ 26,411,129 $ (7,568,877) $ 29,761,160 $ (5,610,561)
Denominator:        
Weighted average number of shares of common stock 7,970,886 7,970,886 7,970,886 6,564,284
Effect of dilutive securities:        
Weighted average number of OP units 926,914 926,914 926,914 926,914
Weighted average number of shares convertible under Exchangeable Senior Notes 1,779,560    1,779,560   
Weighted average dilutive shares 10,677,360 8,897,800 10,677,360 7,491,198
Net income per share applicable to ZAIS Financial Corp. common stockholders - Basic $ 2.91 $ (0.85) $ 3.19 $ (0.78)
Net income per share applicable to ZAIS Financial Corp. common stockholders - Diluted $ 2.47 $ (0.85) $ 2.79 $ (0.78)